New Europe Property Investments plc and Rockcastle Global Real Estate have issued a circular to their respective shareholders containing details of the companies' planned merger.

Rockcastle and NEPI each intend to hold a general meeting July 3 and July 6, respectively, whereby shareholders will consider, and if deemed fit, pass the resolutions for the authorization and implementation of the merger transaction. This may be done with or without modifications.

A prospectus of the new entity, NEPI Rockcastle PLC, has been issued June 9, along with an abridged prospectus released on the Stock Exchange News Service of the Johannesburg Stock Exchange.